MBS Lending Ltd Conveyancing Panel Information

The information on this page is designed to keep solicitors and licensed conveyancers abreast of latest requirements changes by MBS Lending Ltd and to assist in remaining on the MBS Lending Ltd Conveyancing Panel.

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How does my firm apply to be on the MBS Lending Ltd Conveyancing Panel?

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How can my firm be reinstated onto the MBS Lending Ltd Conveyancing Panel?

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MBS Lending Ltd Solicitor Panel Information:

What are the MBS Lending Ltd conveyancing panel arrangements?

Unlike the CML the Building Society Mortgage Instructions deal with this. Section A.12 states ‘In order to act on our behalf your firm or company must be a member of our conveyancing panel provided we are a society that operates one – see specific requirements for details of our arrangements. The Special Requirements state:

All conveyancers are subject to panel requirements and must be approved onto the MBS Lending's conveyancing panel. Please refer to the mortgage completions team if further information is required.

You must also comply with the terms and conditions of your MBS Lending Ltd solicitor panel appointment.

I am hearing that agents are using online checkers to see if a firm is on a lender panel. Why?

Many estate agents will be feeling the pain if their clients start out on the buying process using a conveyancer who is not on the panel with the purchaser’s chosen lender. Many conveyancing firms are only discovering when they begin working on a case that they are no longer able to work with that lender. Given the inevitable resultant delays in the transaction the chances of an abortive deal increases dramatically. in the circumstances there is understandable anguish on the part of the estate agent as a result of the lost time should the client have to change solicitors lawyers.

What sort of information are Lenders such as MBS Lending Ltd are asking for when it comes to applying to be on their approved solicitor list?

Although not necessarily published, lenders have varying criteria . We do not hold specific requirements relating to the questions raised as part of the application to be on the MBS Lending Ltd conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):

Whether the firm has ever knowingly accepted instructions on transactions involving Sale and Rent Back, Back to Back, Exchange and Delayed Completion and Lease Option, Below Market Value.
Structure of firm and, where applicable, its group
Summary of annual accounts
Charge registration history
List of all those who can sign off the Certificate Of Title
Number of lender conveyancing panels the firm is currently on
Full career history for each solicitor including admission date to the relevant Law Society
List of all those who fund the firm, including non-lawyers if applicable
House price discrepancies (declared to lender vs. registered at Land Registry)

Are there conditions, outside the BSA Mortgage Instructions, that a firm should be aware of when on the MBS Lending Ltd conveyancing panel?

In order to be on the MBS Lending Ltd conveyancing panel solicitors have to complete an application form and agree Terms and Conditions. A sample of 5 conditions that we see amongst many lenders Terms (but not necessarily MBS Lending Ltd) are as follows:

To keep us informed of the reasons for any delay in your being able to send the title deeds and documents we require to us within 3 months of completion or evidence of proof of registration within that period. (We will send reminders if the deeds have not been received but will not acknowledge receipt of deeds.)
To carry out our instructions with reasonable care and skill, ensuring that all employees carrying out mortgage work on our behalf are qualified and competent to do so
To be responsible for the reconstitution of the title deeds (whether the title is registered or unregistered, at your own cost), where any deeds in your possession, or were last known to be in your possession, go missing.
Without prejudice to your obligation to comply in full with the Safeguards provisions in the BSA Lenders’ Handbook, to report to us as soon as possible any suspicion that you have about the genuineness of any transaction in any respect.
You have the consent of all borrowers to apply for the deeds, before making any request for deeds. We will accept your request for deeds on the understanding that you have obtained such consent. If this is not the case then you should advise our Deeds Services Department in writing when you make your request

Are there conditions,outside the BSA Mortgage Instructions, that a firm should be aware of when on the MBS Lending Ltd conveyancing panel?

To keep us informed of the reasons for any delay in your being able to send the title deeds and documents we require to us within 3 months of completion or evidence of proof of registration within that period. (We will send reminders if the deeds have not been received but will not acknowledge receipt of deeds.)
To notify us in writing of any change in your details as held on our records for example, change of address, telephone number, document exchange number email address. Notification must be given to us at least 10 days before the change will be effective.
To be responsible for the reconstitution of the title deeds (whether the title is registered or unregistered, at your own cost), where any deeds in your possession, or were last known to be in your possession, go missing.
To carry out our instructions with reasonable care and skill, ensuring that all employees carrying out mortgage work on our behalf are qualified and competent to do so
You have the consent of all borrowers to apply for the deeds, before making any request for deeds. We will accept your request for deeds on the understanding that you have obtained such consent. If this is not the case then you should advise our Deeds Services Department in writing when you make your request

Are figures published revealing the MBS Lending Ltd conveyancing panel size and the number of conveyancing firms removed from their panel each quarter?

With mortgage companies and solicitors working so closely together it is surprising that there has not been greater demand for the introduction of a bit of transparency regarding not just the figures for the MBS Lending Ltd conveyancing panel but for all bank panels

We had our MBS Lending Ltd panel membership revoked but we have not yet been given a reason as to why . I am completing a CQS application form what information do I need to disclose?

In this situation please clarify on the form what steps you have taken to discover the reasons behind cancellation of your MBS Lending Ltd panel membership . In particular please provide details if you have received communications from the lender. E.G. before revocation of your panel membership did you receive any letters or calls from the lender advising you as to their reasons?

What lender panels do you receive the most questions about?

BSA lenders do not come within the top 20 lenders in terms of frequency of questions. The most popular lender panels in terms of questions are as follows:

Find a Lawyer on the MBS Lending Ltd Conveyancing Panel

Average number of days to register title including a charge in favour of MBS Lending Ltd

This information relates to purchase only and not remortgages.

Year	Days*
2024	[no data]
2023	[no data]
2022	[no data]
2021	[no data]
2020	[no data]
2019	[no data]

* Data aggregated from sources including COMPLETIONmonitor

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